West One has introduced a Remortgage £1000 cashback product offering 5-year fixed rates with a minimum loan size of £75,000.
The cashback product has been introduced to help offset additional stamp duty costs for home buyers and to support remortgage customers.
West One further announced a new Extension of Valuation Refund Product with 2-year or 5-year fixed rates available across all LTVs and product ranges.
This addition to the product range means there are fee-free options available for remortgage customers who can also benefit from the lender’s innovative free fast-track remortgage service offering next day completions.
West One’s first charge BTL range has also seen a significant reduction of up to 60bps on 2-year and 5-year fixed rate products (starting from 1.69%).
The reduced rates are likely to provide brokers with more competitive options in servicing their BTL clients amid upcoming changes in the property letting landscape that could affect the bottom lines of many landlords across the UK.
Paul Huxter, West One’s Head of Intermediary Sales & Distribution, says, “We recognise the importance of agility in the current environment. The reduced residential rates and new product launches are designed to support brokers in offering greater choice and value to a broader spectrum of clients.”
Regarding rate cuts on BTL products, he adds, “We’ve seen a growing need to equip brokers and landlords with financing solutions that help them stay ahead of legal and regulatory changes. We know landlords are navigating a complex and shifting landscape, and we’re responding with pricing that strengthens their ability to invest with confidence.”
